Directors Holdings

RNS Number : 0997N

UniVision Engineering Ltd

25 September 2012

 



25 September 2012

UniVision Engineering Limited

("UniVision" or the "Company")

Directors Holdings

UniVision (AIM; UVEL), the Hong Kong based group whose principal activities are the supply, design, installation and maintenance of closed circuit television and surveillance systems, and the sale of security related products, announces that Stephen Koo, Chairman of UniVision, purchased 750,000 ordinary shares of HKD0.0625 each in the Company ("Ordinary Shares") on 24 September, 2012 at a price of 0.5 pence per Ordinary Share (the "Share Purchase").

Following the Share Purchase, Mr Koo now has a total beneficial interest in 277,703,700 Ordinary Shares in the Company, representing of 72.3% of the entire issued share capital of the Company.  Mr Koo's shares are held as follows:

	Number of Ordinary Shares	% of total issued share capital
UniVision Holdings Limited	183,736,000	47.9
Up Sky Investments Limited	78,744,000	20.5
Stephen Koo	15,223,700	3.9
Total	277,703,700	72.3

UniVision Holdings Limited is wholly owned by Up Sky Investments Limited, which is in turn wholly owned by Mr. Koo.

Commenting today, Stephen Koo, Chairman of UniVision said: 

"I am very confident in the direction that Univision is going following our announcement of the transaction involving the Zhongshan Mall. We will now refocus the business on CCTV and related industries. Whilst there has been a delay in completing this transaction this is common in mainland China property deals.

Having already received a non-refundable deposit of HK$ 6.17m in relation to this transaction I believe it was appropriate to agree to the delay to enable the purchaser to conclude its own negotiations with other 3^rd parties regarding the Mall"

For further information visit www.uvel.com or contact:

UniVision Engineering Limited	[phone]
Stephen Koo, Chairman
Chun Hung Wong, CEO
Nicholas Lyth, Non-Executive Director	[phone]
Zeus Capital Limited (Nominated Adviser and Broker)
John Simpson	[phone]
Imran Ahmad

Updates on the Company's activities are regularly posted on its website www.uvel.com

Notes to Editors:

About UniVision Engineering

UniVision was incorporated in Hong Kong in 1979 and is now established in Hong Kong, Macau and China. The Group designs, sources and sells its own brand-name products and OEM products including, Microprocessor CCTV Control Systems, Video Distribution Amplifiers, Fibre Optic Transmission Systems and Smart Card Access Systems.

UniVision currently offers hybrid security systems and has a portfolio of cutting edge digital technology used by its blue chip client base and the Hong Kong Government. UniVision is included in the Hong Kong Government's list of "Approved Suppliers and Installation of Video Electronics Equipment".

To date the Group has completed high profile projects for clients including Hong Kong International Airport, Tsing Ma Bridge Crossing, Mass Transit Railway, Shanghai Plaza 66 and Sydney CityRail Network selling its products through its distribution channels in China, Taiwan and other Asian countries.

 

END

 

 

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